Paytm falls 2% after Vijay Shekhar Sharma surrenders 21 million ESOPs

Paytm share price: Shares of One97 Communications, parent company of Paytm, slipped over 2 per cent to hit an intraday low of ₹848 on Thursday after managing director and chief executive officer Vijay Shekhar Sharma voluntarily surrendered 21 million shares.

The shares were granted to Sharma through the One97 Communications employee stock option plan (ESOP) during the company’s listing. The ESOPs are worth over ₹1,800 crore as per Paytm’s April 16 closing price of ₹864.95